From this week going forward, Singapore Stock Picks will present an outlook of the Singapore stock market for the week ahead and highlight 1-2 counters likely to be in the limelight.
Outlook:
Encouraging news from US are increasing the buying volume in Asia and it seems likely that there will be some consolidations next week in the Singapore market. However, Singapore economic figures does not look encouraging in the first quarter and a further slide is expected for 2Q2009. Despite attractive valuation, my personal opinion is that it is still premature to buy in aggressively.
Counter in focus: Golden Agri
High buying volume on friday as well as low stochastic makes it a good stock to look at and buy for the short term.
The Material provided above is for information only and does not constitute an offer or solicitation to purchase or sell the shares mentioned
